<p>Jim Millstein, Co-Chairman of Guggenheim Securities, stated that lawmakers in Washington are continuing to push for a massive tax cut plan, and if the economy falls into recession, the U.S. faces the risk of a &#34;fiscal disaster.&#34; &#34;Currently, the deficit is 6.4% of GDP, which is $2.4 trillion. If a recession occurs, that number could easily balloon to $4 trillion,&#34; Millstein said, adding that the current cost assessment of the Republican tax cut plan &#34;is based on the assumption of sustained economic growth. So imagine what would happen if we were to experience a recession. In the past five or six recessions, the budget deficit has actually worsened significantly because tax revenues fell while government spending increased.&#34;</p>

<p>Jim Millstein of Guggenheim Securities warned that if the U.S. economy enters a recession, the tax cut plan pushed by Congress could lead to a "fiscal disaster." Currently, the U.S. deficit accounts for 6.4% of GDP, approximately $2.4 trillion, and is expected to balloon to $4 trillion if a recession occurs. He pointed out that the cost assessment of the tax cut plan is based on the assumption of sustained economic growth, while historically, budget deficits tend to worsen significantly during periods of economic recession</p>

分析师：若发生经济衰退 美国可能面临 “财政灾难”

分析师：若发生经济衰退美国可能面临 “财政灾难”